"No one can question the deterioration in the sovereign balance sheet or banking system, but it seems counterintuitive to cite possible financing gaps when a large, " bond issuance was about to close, said Richard Segal, emerging market strategist at Jefferies International.
During a question-and-answer period, Lockhart attempted to quell concerns for the Fed's hefty balance sheet by claiming he wasn't worried, and that its growth will not necessarily drive inflation, according to TradeTheNews.com.